Edgar Ortiz

Edgar Ortiz

Edgar is a practicing attorney with a law degree from Universidad Francisco Marroquín. He has a master’s in Austrian school economics from Universidad Rey Juan Carlos.

He is executive director of the Centro de Estudios Económico-Sociales (CEES) and a professor of economics at Universidad Francisco Marroquín. Edgar is also a current events analyst at the local television network Canal Antigua and an associate at the Rivera law firm in Guatemala City



Bank of Mexico: Bread Today, Hunger Tomorrow

By Edgar Ortiz on August 14, 2017

This year Banxico will report operating losses and the Mexican government will no longer have another “gift” in 2018.

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Cheap Oil and Why OPEC Can’t Do Anything About It

By Edgar Ortiz on May 4, 2017

Beyond the behavior of speculators or OPEC—which some consider a cartel, if there is anything we can learn is that the fall in oil prices responds to the forces of supply and demand. On the demand side, lower economic activity throughout the world, specially in China, has lowered the price of oil. Projections by the International Energy Agency show how demand weakened in 2014, although it rebounded in 2016.

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Correa’s Ecuador Versus Peru

By Edgar Ortiz on March 29, 2017

It seems that 2006 was a long time ago—the year when Rafael Correa was not yet president of Ecuador. Nevertheless, there was an Ecuador before him: a troubled country that had seven presidents in only 10 years. With elections just around the corner, what economic model will mostly benefit Ecuadorians?

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Why Didn’t the Depreciation of the Yen Help Exporters?

By Edgar Ortiz on December 13, 2016

Why didn’t the depreciation of the yen help exporters? Primarily, because large exporters are also large importers.

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Trump’s Victory Confirms the Peso’s Weakness

By Edgar Ortiz on December 1, 2016

As long as people are pessimistic about the future of the Mexican economy, the peso will continue to fall. It is still uncertain what Donald Trump’s government can and will do.

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The Strengthening of the Dollar and the Upcoming US elections Mean Tough Times for Mexico

By Edgar Ortiz on November 9, 2016

Since early 2016, producer prices have been growing at increasing rates. High production costs create another obstacle for the struggling industrial sector.

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The Strengthening of the Dollar and the Upcoming US Elections Mean Tough Times for Mexico

By Edgar Ortiz on October 3, 2016

Another measure affecting the industrial sector is the Producer Price Index, which does not bring good news for industries. Since early 2016, producer prices have been growing at increasing rates.

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The Fed’s Policies and their Consequences for Mexico

By Edgar Ortiz on June 16, 2016

The increase in interest rates implemented by the Fed and the resulting outflow of capital from Mexico may begin to affect the good pace in credit growth in the country.

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Slow Growth, High Government Debt

By Edgar Ortiz on June 13, 2016

Mexico continues to experience a yearly growth of less than 3%. Since the second half of 2014, growth rate in Mexico has been stagnant and predictions are that growth will continue at a slow pace throughout this year, as well.

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Argentina Exits Default and Returns to the Global Market

By Edgar Ortiz on May 30, 2016

The effect of this has been seen in the performance of Argentina’s debt in the EMBI+, which has shown major improvement for one year now. Using basis points, the EMBI+ measures the difference between bond performance in emerging countries and American treasury bonds, Eurobonds and other risk-free economic instruments.

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